Datadog, Inc. $DDOG Stock Purchased by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC increased its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 549.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,762 shares of the company’s stock after purchasing an additional 11,642 shares during the quarter. Datadog accounts for 0.8% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 22nd largest holding. Legacy Wealth Asset Management LLC’s holdings in Datadog were worth $3,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Cornerstone Financial Management LLC raised its position in Datadog by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after purchasing an additional 45 shares in the last quarter. State of Wyoming increased its stake in shares of Datadog by 4.1% during the first quarter. State of Wyoming now owns 1,946 shares of the company’s stock worth $230,000 after buying an additional 76 shares during the period. Ancora Advisors LLC raised its holdings in Datadog by 44.1% in the second quarter. Ancora Advisors LLC now owns 307 shares of the company’s stock valued at $80,000 after acquiring an additional 94 shares in the last quarter. Quadcap Wealth Management LLC raised its holdings in Datadog by 5.5% in the first quarter. Quadcap Wealth Management LLC now owns 1,970 shares of the company’s stock valued at $233,000 after acquiring an additional 102 shares in the last quarter. Finally, GraniteShares Advisors LLC lifted its stake in Datadog by 1.9% in the first quarter. GraniteShares Advisors LLC now owns 5,515 shares of the company’s stock worth $651,000 after acquiring an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Shares of DDOG opened at $273.80 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $292.72. The firm has a 50-day simple moving average of $245.27 and a 200-day simple moving average of $215.54. The company has a market capitalization of $98.31 billion, a price-to-earnings ratio of 558.79, a price-to-earnings-growth ratio of 26.48 and a beta of 1.51.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. On average, equities research analysts anticipate that Datadog, Inc. will post 0.7 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other news, CFO David Obstler sold 40,000 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $227.47, for a total transaction of $9,098,800.00. Following the transaction, the chief financial officer directly owned 378,067 shares in the company, valued at $85,998,900.49. The trade was a 9.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $253.36, for a total transaction of $13,659,144.32. Following the transaction, the chief technology officer directly owned 509,805 shares of the company’s stock, valued at $129,164,194.80. This represents a 9.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 938,076 shares of company stock valued at $226,690,473. 6.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DDOG has been the subject of several recent analyst reports. Morgan Stanley lifted their price objective on shares of Datadog from $225.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Citizens Jmp lifted their price target on Datadog from $225.00 to $311.00 and gave the stock a “market outperform” rating in a report on Monday, July 20th. Raymond James Financial reiterated an “outperform” rating and issued a $280.00 price objective on shares of Datadog in a report on Thursday, August 6th. Mizuho boosted their target price on Datadog from $220.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Finally, Wedbush began coverage on shares of Datadog in a report on Friday, September 11th. They issued an “outperform” rating and a $275.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and an average price target of $277.73.

Datadog Company Profile

Datadog, Inc is a software company that provides a cloud-based monitoring, observability and security platform. Its services help organizations collect, analyze and visualize data from applications, infrastructure, networks, databases and other technology environments, enabling them to identify performance issues, manage incidents and improve digital services.

The company’s product offerings include infrastructure monitoring, application performance monitoring, log management, database and network monitoring, real user and synthetic experience monitoring, cloud security, software supply chain security, incident management and workflow automation.